Cigars in Colombia are expected to maintain their premium positioning, with the most highly-regarded brands being Cuban cigars imported by Corporación Habanos SA, which continues to maintain its dominant position with brands such as Cohiba, Montecristo, and Romeo y Julieta. The forecast period predicts steady and consistent growth rates, albeit at a relatively modest pace.
It is expected that domestic brands of cigars in Colombia will maintain a relatively limited presence within the country, with sales primarily seen through e-commerce, social networks such as Instagram and Facebook, and select tobacco specialists. Domestic production will instead continue to be heavily oriented towards foreign markets, which will likely remain attractive to manufacturers, particularly in light of the devaluation of the Colombian peso against the US dollar.
It is unlikely that smoking tobacco will experience substantial growth over the forecast period, and it is expected to remain a relatively niche product in Colombia. Most consumers are now acutely aware of the dangers of smoking, with this including the use of pipe tobacco and smoking tobacco, and as such it is unlikely there will be significant increase in the use of these products.
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Understand the latest market trends and future growth opportunities for the Cigars, Cigarillos and Smoking Tobacco industry in Colombia with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
If you're in the Cigars, Cigarillos and Smoking Tobacco industry in Colombia, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
Cigars, Cigarillos and Smoking Tobacco
This report originates from Passport, our Cigars, Cigarillos and Smoking Tobacco research and analysis database.
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